Electricity Prices in a Competitive Environment

Electricity Prices in a Competitive Environment PDF Author: Mary Hutzler
Publisher: DIANE Publishing
ISBN: 0788149091
Category :
Languages : en
Pages : 129

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Book Description
Discusses the events that led to current initiatives to restructure the electric power industry, and the institutional and structural changes that will be required to support the competitive pricing of electricity. Describes the analysis assumptions and methodology. Compares electricity prices under regulation and prices under competition. Discusses the sensitivities of the results to key parameters in the analysis cases. Analyzes the cash flow implications of the new competitive prices for utilities. Extensive charts, tables and graphs.

Electricity Prices in a Competitive Environment

Electricity Prices in a Competitive Environment PDF Author: Mary Hutzler
Publisher: DIANE Publishing
ISBN: 0788149091
Category :
Languages : en
Pages : 129

Get Book Here

Book Description
Discusses the events that led to current initiatives to restructure the electric power industry, and the institutional and structural changes that will be required to support the competitive pricing of electricity. Describes the analysis assumptions and methodology. Compares electricity prices under regulation and prices under competition. Discusses the sensitivities of the results to key parameters in the analysis cases. Analyzes the cash flow implications of the new competitive prices for utilities. Extensive charts, tables and graphs.

Electricity Prices in a Competitive Environment

Electricity Prices in a Competitive Environment PDF Author: United States. Energy Information Administration
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 140

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Book Description


Valuation, Hedging and Speculation in Competitive Electricity Markets

Valuation, Hedging and Speculation in Competitive Electricity Markets PDF Author: Petter L. Skantze
Publisher: Springer Science & Business Media
ISBN: 146151701X
Category : Technology & Engineering
Languages : en
Pages : 220

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Book Description
The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the necessary structure to capture the true dynamic properties of complex power systems. While both views have merit, neither group has by themselves been able to produce effective tools for meeting industry challenges. The goal of this book is to convey the fundamental differences between electricity and other traded commodities, and the impact these differences have on valuation, hedging and operational decisions made by market participants. The optimization problems associated with these decisions are formulated in the context of the market realities of today's power industry, including a lack of liquidity on forward and options markets, limited availability of historical data, and constantly changing regulatory structures.

Competitive Electricity Markets

Competitive Electricity Markets PDF Author: Fereidoon Sioshansi
Publisher: Elsevier
ISBN: 0080557716
Category : Technology & Engineering
Languages : en
Pages : 625

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Book Description
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide

Economic Regulation and Its Reform

Economic Regulation and Its Reform PDF Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 619

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Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Electricity Competition

Electricity Competition PDF Author: United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128

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Book Description


Forecasting Models of Electricity Prices

Forecasting Models of Electricity Prices PDF Author: Javier Contreras
Publisher: MDPI
ISBN: 3038424153
Category : Technology & Engineering
Languages : en
Pages : 259

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Book Description
This book is a printed edition of the Special Issue "Forecasting Models of Electricity Prices" that was published in Energies

Monthly Energy Review

Monthly Energy Review PDF Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 606

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Book Description


Annual Energy Outlook 1998: With Projections to 2020

Annual Energy Outlook 1998: With Projections to 2020 PDF Author:
Publisher: DIANE Publishing
ISBN: 1422345386
Category :
Languages : en
Pages : 227

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Book Description
The Annual Energy Outlook 1998 (AEO98) is the first AEO with projections to 2020. Key issues for the forecast extension are trends in energy efficiency improvements, the effects of increasing production and productivity improvements on energy prices, and the reduction in nuclear generating capacity. Projections in AEO98 also reflect a greater shift to electricity market restructuring. Restructuring is addressed through several changes that are assumed to occur in the industry, including a shorter capital recovery period for capacity expansion decisions and a revised financial structure that features a higher cost of capital as the result of higher competitive risk. Both assumptions tend to favor less capital-intensive generation technologies, such as natural gas, over coal or baseload renewable technologies. The forecasts include specific restructuring plans in those regions that have announced plans. California, New York, and New England are assumed to begin competitive pricing in 1998. The provisions of the California legislation for stranded cost recovery and price caps are incorporated. In New York and New England, stranded cost recovery is assumed to be phased out by 2008.

Technological, Environmental and Financial Issues Raised by Increasingly Competitive Electricity Markets

Technological, Environmental and Financial Issues Raised by Increasingly Competitive Electricity Markets PDF Author: United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 168

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Book Description